Tag: Stablecoin
PayPal becomes first financial service to launch a US dollar stablecoin
PayPal has broken ground in the stablecoin sector by officially launching its own digital currency pegged to the US dollar.
The financial service has dubbed...
USDC alternative to SWIFT set for launch by Xapo Bank and...
Bitcoin custodian Xapo Bank has announced a new collaboration with fintech firm Circle aimed at providing an alternative to SWIFT.
Via their partnership with SWIFT...
Stablecoin poundtoken now part of the Crypto API’s ecosystem
The stablecoin can now be securely transacted between addresses and used to set up transfer webhooks.
US lawmakers hit roadblock on potential stablecoin regulation
The formation of a possible stablecoin bill in the United States has hit a roadblock that could lead throughout the year.
The US Congress first revealed...
Digital FMI to trial first UK sterling backed stablecoin
A cross-industry consortium known as Digital FMI, will lead trials of the UK’s first digital sterling backed stablecoin set to launch in autumn this...
Orbital adds USDC to e-commerce payment methods
Fintech firm Orbital has announced that it is adding support for USDC to its crypto-commerce payment processing solution.
Explaining its decision, the company noted that...
Circle acquires CYBAVO to promote a “global crypto economy”
Fintech firm Circle has strengthened its position in the world of digital assets with the acquisition of crypto tech company CYBAVO.
Circle’s main service focuses...
Collapse of Terra Luna sends shockwaves across digital currency
Crypto investors were sent into a state of panic as Stablecoin Terra Luna’s price plummeted overnight, sending shockwaves across the cryptocurrency market.
Previously being in...
Silvergate Capital strengthens stablecoin focus with Diem acquisition
Silvergate Capital has strengthened its growth with the acquisition of intellectual property Facebook’s blockchain-based payment network the Diem Group.
It’s a move that enhances the...
PayPal eyes stablecoin venture
Further strengthening its venture into digital currency, PayPal is reportedly eyeing a venture into stablecoin.
The coin is set to be dollar-backed after the story...
